----

| Delaware                                                       |   | 16-1434688                              |
|----------------------------------------------------------------|--------|-----------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification Number) |
| PAR Technology Park                                            |   |                                    |
| 8383 Seneca Turnpike                                           |   |                                    |
| New Hartford, New York                                         |   | 13413-4991                              |
| (Address of principal executive offices)                       |   | (Zip Code)                              |

| Large Accelerated Filer o | Accelerated Filer o | Non Accelerated Filer o | Smaller Reporting Company o |
|---------------------------|---------------------|-------------------------|-----------------------------|

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TABLE OF CONTENTS

| Item Number   |   |                                                                                  |   | Page   |
|---------------|--------|---------------------------------------------------------------------------------------|--------|--------|
|          |   |                                                                                  |   |   |
| Item 1.       |   | Financial Statements (unaudited)                                                      |   |   |
|          |   |                                                                                  |   |   |
|          |   | Consolidated Statements of Income for                                                 |   | 1      |
|          |   | the three months ended March 31, 2011 and 2010                                        |   |   |
|          |   |                                                                                  |   |   |
|          |   | Consolidated Statements of Comprehensive Income                                       |   | 2      |
|          |   | for the three months ended March 31, 2011 and 2010                                    |   |   |
|          |   |                                                                                  |   |   |
|          |   | Consolidated Balance Sheets at                                                        |   | 3      |
|          |   | March 31, 2011 and December 31, 2010                                                  |   |   |
|          |   |                                                                                  |   |   |
|          |   | Consolidated Statements of Cash Flows                                                 |   | 4      |
|          |   | for the three months ended March 31, 2011 and 2010                                    |   |   |
|          |   |                                                                                  |   |   |
|          |   | Notes to Unaudited Interim Consolidated Financial Statements                          |   | 5      |
|          |   |                                                                                  |   |   |
| Item 2.       |   | Management's Discussion and Analysis of Financial Condition and Results of Operations |   | 11     |
|          |   |                                                                                  |   |   |
| Item 3.       |   | Quantitative and Qualitative Disclosures About Market Risk                            |   | 19     |
|          |   |                                                                                  |   |   |
| Item 4.       |   | Controls and Procedures                                                               |   | 19     |
|          |   |                                                                                  |   |   |
|          |   | PART II                                                                               |   |   |
|          |   | OTHER INFORMATION                                                                     |   |   |
|          |   |                                                                                  |   |   |
|          |   |                                                                                  |   |   |
|          |   |                                                                                  |   |   |
| Item 1A.      |   | Risk Factors                                                                          |   | 20     |
|          |   |                                                                                  |   |   |
| Item 4.       |   | RESERVED                                                                              |   | 20     |
|          |   |                                                                                  |   |   |
| Item 5.       |   | Other Information                                                                     |   | 20     |
|          |   |                                                                                  |   |   |
| Item 6.       |   | Exhibits                                                                              |   | 21     |
|          |   |                                                                                  |   |   |
| Signatures    |   |                                                                                  |   | 22     |
|          |   |                                                                                  |   |   |
| Exhibit Index |   |                                                                                  |   | 23     |

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Table of Contents

CONSOLIDATED STATEMENTS OF INCOME

|                                           |   | For the three monthsended March 31, |   |
|------------------------------------------------|--------|-------------------------------------|--------|
|                                           |   | 2011                                | 2010   |   |
| Net revenues:                                  |   |                                |   |   |   |   |
| Product                                        |   | $                                   | 22,884 |   |   | $ | 21,251 |   |
| Service                                        |   |                                | 16,141 |   |   |   | 19,239 |   |
| Contract                                       |   |                                | 16,822 |   |   |   | 17,629 |   |
|                                           |   |                                | 55,847 |   |   |   | 58,119 |   |
| Costs of sales:                                |   |                                |   |   |   |   |   |   |
| Product                                        |   |                                | 14,081 |   |   |   | 14,385 |   |
| Service                                        |   |                                | 11,042 |   |   |   | 13,048 |   |
| Contract                                       |   |                                | 15,809 |   |   |   | 16,595 |   |
|                                           |   |                                | 40,932 |   |   |   | 44,028 |   |
| Gross margin                                   |   |                                | 14,915 |   |   |   | 14,091 |   |
| Operating expenses:                            |   |                                |   |   |   |   |   |   |
| Selling, general and administrative            |   |                                | 9,908  |   |   |   | 9,540 |   |
| Research and development                       |   |                                | 4,140  |   |   |   | 3,445 |   |
| Amortization of identifiable intangible assets |   |                                | 205    |   |   |   | 234 |   |
|                                           |   |                                | 14,253 |   |   |   | 13,219 |   |
|                                           |   |                                |   |   |   |   |   |   |
| Operating income                               |   |                                | 662    |   |   |   | 872 |   |
| Other income, net                              |   |                                | 28     |   |   |   | 141 |   |
| Interest expense                               |   |                                | (48    | ) |   |   | (71 | ) |
| Income before provision for income taxes       |   |                                | 642    |   |   |   | 942 |   |
| Provision for income taxes                     |   |                                | (238   | ) |   |   | (360 | ) |
| Net income                                     |   | $                                   | 404    |   |   | $ | 582 |   |
| Earnings per share                             |   |                                |   |   |   |   |   |   |
| Basic                                          |   | $                                   | .03    |   |   | $ | .04 |   |
| Diluted                                        |   | $                                   | .03    |   |   | $ | .04 |   |
| Weighted average shares outstanding            |   |                                |   |   |   |   |   |   |
| Basic                                          |   |                                | 14,924 |   |   |   | 14,702 |   |
| Diluted                                        |   |                                | 15,058 |   |   |   | 14,958 |   |

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Table of Contents

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

|                                           |   | For the three monthsended March 31, |   |
|------------------------------------------------|--------|-------------------------------------|--------|
|                                           |   | 2011                                | 2010   |   |
| Net income                                     |   | $                                   | 404    |   |   | $ | 582 |   |
| Other comprehensive income (loss), net of tax: |   |                                |   |   |   |   |   |   |
| Foreign currency translation adjustments       |   |                                | 642    |   |   |   | (66 | ) |
| Comprehensive income                           |   | $                                   | 1,046  |   |   | $ | 516 |   |

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Table of Contents

CONSOLIDATED BALANCE SHEETS

|                                                                                        |   | March 31, |    |   | December 31, |   |
|---------------------------------------------------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                                                                        |   | 2011      |    |   | 2010         |   |
| AssetsCurrent assets:                                                                       |   |      |    |   |         |   |
| Cash and cash equivalents                                                                   |   | $         | 4,349   |   |         | $      | 6,781 |   |
| Accounts receivable-net                                                                     |   |      | 41,346  |   |         |   | 43,517 |   |
| Inventories-net                                                                             |   |      | 39,044  |   |         |   | 38,707 |   |
| Income tax refunds                                                                          |   |      | 312     |   |         |   | 152 |   |
| Deferred income taxes                                                                       |   |      | 6,358   |   |         |   | 5,719 |   |
| Other current assets                                                                        |   |      | 4,016   |   |         |   | 3,067 |   |
| Total current assets                                                                        |   |      | 95,425  |   |         |   | 97,943 |   |
| Property, plant and equipment - net                                                         |   |      | 5,759   |   |         |   | 5,796 |   |
| Deferred income taxes                                                                       |   |      | 202     |   |         |   | 1,079 |   |
| Goodwill                                                                                    |   |      | 27,146  |   |         |   | 26,954 |   |
| Intangible assets - net                                                                     |   |      | 12,784  |   |         |   | 10,389 |   |
| Other assets                                                                                |   |      | 2,196   |   |         |   | 2,124 |   |
| Total Assets                                                                                |   | $         | 143,512 |   |         | $      | 144,285 |   |
| Liabilities and Shareholders’ Equity                                                  |   |      |    |   |         |   |   |   |
| Current liabilities:                                                                        |   |      |    |   |         |   |   |   |
| Current portion of long-term debt                                                           |   | $         | 1,788   |   |         | $      | 1,711 |   |
| Borrowings under lines of credit                                                            |   |      | 4,850   |   |         |   | − |   |
| Accounts payable                                                                            |   |      | 16,960  |   |         |   | 19,902 |   |
| Accrued salaries and benefits                                                               |   |      | 6,978   |   |         |   | 9,055 |   |
| Accrued expenses                                                                            |   |      | 2,734   |   |         |   | 2,843 |   |
| Customer deposits                                                                           |   |      | 1,227   |   |         |   | 2,286 |   |
| Deferred service revenue                                                                    |   |      | 16,050  |   |         |   | 16,260 |   |
| Total current liabilities                                                                   |   |      | 50,587  |   |         |   | 52,057 |   |
| Long-term debt                                                                              |   |      | 2,258   |   |         |   | 2,744 |   |
| Other long-term liabilities                                                                 |   |      | 2,811   |   |         |   | 2,725 |   |
| Shareholders’ Equity:                                                                 |   |      |    |   |         |   |   |   |
| Preferred stock, $.02 par value,                                                            |   |      |    |   |         |   |   |   |
| 1,000,000 shares authorized                                                                 |   |      | − |   |         |   | − |   |
| Common stock, $.02 par value,                                                               |   |      |    |   |         |   |   |   |
| 29,000,000 shares authorized;                                                               |   |      |    |   |         |   |   |   |
| 16,756,768 and 16,746,618 shares issued;                                                    |   |      |    |   |         |   |   |   |
|          15,049,484 and 15,039,334 outstanding |   |      | 335     |   |         |   | 335 |   |
| Capital in excess of par value                                                              |   |      | 42,315  |   |         |   | 42,264 |   |
| Retained earnings                                                                           |   |      | 51,009  |   |         |   | 50,605 |   |
| Accumulated other comprehensive income (loss)                                               |   |      | 29      |   |         |   | (613 | ) |
| Treasury stock, at cost, 1,707,284 shares                                                   |   |      | (5,832  | )      |         |   | (5,832 | ) |
| Total shareholders’ equity                                                            |   |      | 87,856  |   |         |   | 86,759 |   |
| Total Liabilities and Shareholders’ Equity                                            |   | $         | 143,512 |   |         | $      | 144,285 |   |

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Table of Contents

CONSOLIDATED STATEMENTS OF CASH FLOWS

|                                                                                        |   | For the three monthsended March 31, |   |
|---------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                                                        |   | 2011                                |   |   | 2010 |   |
| Cash flows from operating activities:                                                       |   |                                |   |   |   |   |
| Net income                                                                                  |   | $                                   | 404    |   |   | $ | 582 |   |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: |   |                                |   |   |   |   |   |   |
| Depreciation and amortization                                                               |   |                                | 710    |   |   |   | 849 |   |
| Provision for bad debts                                                                     |   |                                | 218    |   |   |   | 323 |   |
| Provision for obsolete inventory                                                            |   |                                | 340    |   |   |   | 225 |   |
| Equity based compensation                                                                   |   |                                | 37     |   |   |   | (19 | ) |
| Deferred income tax                                                                         |   |                                | 166    |   |   |   | 123 |   |
| Changes in operating assets and liabilities:                                                |   |                                |   |   |   |   |   |   |
| Accounts receivable                                                                         |   |                                | 2,087  |   |   |   | 3,303 |   |
| Inventories                                                                                 |   |                                | (556   | ) |   |   | (485 | ) |
| Income tax refunds                                                                          |   |                                | (160   | ) |   |   | 30 |   |
| Other current assets                                                                        |   |                                | (926   | ) |   |   | (633 | ) |
| Other assets                                                                                |   |                                | (53    | ) |   |   | (97 | ) |
| Accounts payable                                                                            |   |                                | (2,971 | ) |   |   | 980 |   |
| Accrued salaries and benefits                                                               |   |                                | (2,095 | ) |   |   | 54 |   |
| Accrued expenses                                                                            |   |                                | (115   | ) |   |   | 1,206 |   |
| Customer deposits                                                                           |   |                                | (1,059 | ) |   |   | (80 | ) |
| Deferred service revenue                                                                    |   |                                | (233   | ) |   |   | (289 | ) |
| Other long-term liabilities                                                                 |   |                                | 86     |   |   |   | 174 |   |
| Net cash (used in) provided by operating activities                                         |   |                                | (4,120 | ) |   |   | 6,246 |   |
| Cash flows from investing activities:                                                       |   |                                |   |   |   |   |   |   |
| Capital expenditures                                                                        |   |                                | (314   | ) |   |   | (2,146 | ) |
| Capitalization of software costs                                                            |   |                                | (2,734 | ) |   |   | (128 | ) |
| Contingent purchase price paid on prior year acquisitions                                   |   | ─                             |   |   |   | (33 | ) |
| Net cash used in investing activities                                                       |   |                                | (3,048 | ) |   |   | (2,307 | ) |
| Cash flows from financing activities:                                                       |   |                                |   |   |   |   |   |   |
| Net borrowings (repayments) under line-of-credit agreements                                 |   |                                | 4,850  |   |   |   | (2,000 | ) |
| Payments of long-term debt                                                                  |   |                                | (409   | ) |   |   | (332 | ) |
| Proceeds from the exercise of stock options                                                 |   |                                | 14     |   |   |   | 238 |   |
| Net cash provided by (used in) financing activities                                         |   |                                | 4,455  |   |   |   | (2,094 | ) |
| Effect of exchange rate changes on cash and cash equivalents                                |   |                                | 281    |   |   |   | (230 | ) |
| Net (decrease) increase in cash and cash equivalents                                        |   |                                | (2,432 | ) |   |   | 1,615 |   |
| Cash and cash equivalents at beginning of period                                            |   |                                | 6,781  |   |   |   | 3,907 |   |
| Cash and cash equivalents at end of period                                                  |   | $                                   | 4,349  |   |   | $ | 5,522 |   |
| Supplemental disclosures of cash flow information:                                          |   |                                |   |   |   |   |   |   |
| Cash paid during the period for:                                                            |   |                                |   |   |   |   |   |   |
| Interest                                                                                    |   | $                                   | 81     |   |   | $ | 95 |   |
| Income taxes, net of refunds                                                                |   |                                | 160    |   |   |   | 29 |   |
|                                                                                        |   |                                |   |   |   |   |   |   |
| See notes to unaudited interim consolidated financial statements                            |   |                                |   |   |   |   |   |   |

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Table of Contents

NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

| 1.   | The accompanying unaudited interim consolidated financial statements have been prepared by PAR Technology Corporation (the “Company” or “PAR”) in accordance with U.S. generally accepted accounting principles for interim financial statements and with the instructions to Form 10-Q and Regulation S-X pertaining to interim financial statements.  Accordingly, these interim financial statements do not include all information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  In the opinion of the Company, such unaudited statements include all adjustments (which comprise only normal recurring accruals) necessary for a fair presentation of the results for such periods.  The results of operations for the three months ended March 31, 2011 are not necessarily indicative of the results of operations to be expected for any future period.  The consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes for the year ended December 31, 2010 included in the Company’s December 31, 2010 Annual Report to the Securities and Exchange Commission on Form 10-K. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2.   | The Company’s net accounts receivable consist of: |
|----------------|---------------------------------------------------------|

|                          |   | (in thousands) |   |
|-------------------------------|--------|----------------|--------|
|                          |   | March 31,      |   |   | December 31, |   |
|                          |   | 2011           |   |   | 2010 |   |
| Government segment:           |   |           |   |   |   |   |
| Billed                        |   | $              | 12,620 |   |   | $ | 10,622 |   |
| Advanced billings             |   |           | (1,179 | ) |   |   | (385 | ) |
|                          |   |           | 11,441 |   |   |   | 10,237 |   |
| Hospitality segment:          |   |           |   |   |   |   |   |   |
| Accounts receivable - net     |   |           | 28,357 |   |   |   | 32,083 |   |
|                          |   |           |   |   |   |   |   |   |
| Logistics Management segment: |   |           |   |   |   |   |   |   |
| Accounts receivable - net     |   |           | 1,548  |   |   |   | 1,197 |   |
|                          |   | $              | 41,346 |   |   | $ | 43,517 |   |

| 3.   | Inventories are primarily used in the manufacture and service of Hospitality products.  The components of inventory, net of related reserves, consist of the following: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|            | (in thousands) |   |
|-----------------|----------------|--------|
|            | March 31,      |   | December 31, |   |
|            | 2011           |   | 2010 |   |
| Finished Goods  |           | $      | 14,369 |   |   | $ | 13,913 |   |
| Work in process |           |   | 1,331 |   |   |   | 959 |   |
| Component parts |           |   | 6,585 |   |   |   | 7,228 |   |
| Service parts   |           |   | 16,759 |   |   |   | 16,607 |   |
|            |           | $      | 39,044 |   |   | $ | 38,707 |   |

| 4.   | The Company applies the fair value recognition provisions of ASC Topic 718 Stock-Based Compensation.  Total compensation expense included within operating expenses for the three months ended March 31, 2011 was $37,000.  This amount was recorded net of benefit of $61,000, as the result of forfeitures of unvested stock options prior to the completion of the requisite service period.  For the three months ended March 31, 2010, the Company recorded a compensation benefit of $19,000, as a result of forfeitures of unvested stock options prior to completion of the requisite service period.  This benefit consisted of an expense reversal of $139,000, partially offset by current period expense of $120,000.  At March 31, 2011, the unrecognized compensation expense related to non-vested equity awards was $428,000 (net of estimated forfeitures) which is expected to be recognized as compensation expense in fiscal years 2011 through 2015. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5.   | Earnings per share is calculated in accordance with ASC Topic 260, which specifies the computation, presentation and disclosure requirements for earnings per share (EPS).  It requires the presentation of basic and diluted EPS.  Basic EPS excludes all dilution and is based upon the weighted average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.  At March 31, 2011, there were 350,000 anti-dilutive stock options outstanding. The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except per share data): |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                         |   | For the three monthsended March 31, |   |
|--------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                         |   | 2011                                |   |   | 2010 |   |
| Net income                                                   |   | $                                   | 404    |   |   | $ | 582 |   |
|                                                         |   |                                |   |   |   |   |   |   |
| Basic:                                                       |   |                                |   |   |   |   |   |   |
| Shares outstanding at beginning of period                    |   |                                | 14,909 |   |   |   | 14,677 |   |
| Weighted average shares issued during the period             |   |                                | 15     |   |   |   | 25 |   |
| Weighted average common shares, basic                        |   |                                | 14,924 |   |   |   | 14,702 |   |
| Earnings per common share, basic                             |   | $                                   | .03    |   |   | $ | .04 |   |
|                                                         |   |                                |   |   |   |   |   |   |
| Diluted:                                                     |   |                                |   |   |   |   |   |   |
| Weighted average common shares, basic                        |   |                                | 14,924 |   |   |   | 14,702 |   |
| Dilutive impact of stock options and restricted stock awards |   |                                | 134    |   |   |   | 256 |   |
| Weighted average common shares, diluted                      |   |                                | 15,058 |   |   |   | 14,958 |   |
| Earnings per common share, diluted                           |   | $                                   | .03    |   |   | $ | .04 |   |

| 6.   | The Company utilizes the fair value provisions of ASC Topic 820 Fair Value Measurements and Disclosures.  ASC Topic 820 describes a fair value hierarchy based upon three levels of input, which are: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.   | The Company’s reportable segments are strategic business units that have separate management teams and infrastructures that offer different products and services. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                           |   | (in thousands)For the three monthsended March 31, |   |
|--------------------------------|--------|---------------------------------------------------|--------|
|                           |   | 2011                                              |   |   | 2010 |   |
| Net revenues:                  |   |                                              |   |   |   |   |
| Hospitality                    |   | $                                                 | 37,354 |   |   | $ | 39,519 |   |
| Government                     |   |                                              | 16,822 |   |   |   | 17,629 |   |
| Logistics Management           |   |                                              | 1,671  |   |   |   | 971 |   |
| Total                          |   | $                                                 | 55,847 |   |   | $ | 58,119 |   |
|                           |   |                                              |   |   |   |   |   |   |
| Operating income (loss):       |   |                                              |   |   |   |   |   |   |
| Hospitality                    |   | $                                                 | 281    |   |   | $ | 517 |   |
| Government                     |   |                                              | 958    |   |   |   | 879 |   |
| Logistics Management           |   |                                              | (539   | ) |   |   | (543 | ) |
| Other                          |   |                                              | (38    | ) |   |   | 19 |   |
|                           |   |                                              | 662    |   |   |   | 872 |   |
| Other income, net              |   |                                              | 28     |   |   |   | 141 |   |
| Interest expense               |   |                                              | (48    | ) |   |   | (71 | ) |
| Income before provision        |   |                                              |   |   |   |   |   |   |
| for income taxes               |   | $                                                 | 642    |   |   | $ | 942 |   |
|                           |   |                                              |   |   |   |   |   |   |
| Depreciation and amortization: |   |                                              |   |   |   |   |   |   |
| Hospitality                    |   | $                                                 | 589    |   |   | $ | 721 |   |
| Government                     |   |                                              | 19     |   |   |   | 21 |   |
| Logistics Management           |   |                                              | 6      |   |   |   | 7 |   |
| Other                          |   |                                              | 96     |   |   |   | 100 |   |
| Total                          |   | $                                                 | 710    |   |   | $ | 849 |   |
|                           |   |                                              |   |   |   |   |   |   |
| Capital expenditures:          |   |                                              |   |   |   |   |   |   |
| Hospitality                    |   | $                                                 | 2,983  |   |   | $ | 2,168 |   |
| Government                     |   | ─                                           |   |   |   | 42 |   |
| Logistics Management           |   |                                              | 10     |   |   |   | 6 |   |
| Other                          |   |                                              | 55     |   |   |   | 58 |   |
| Total                          |   | $                                                 | 3,048  |   |   | $ | 2,274 |   |
|                           |   |                                              |   |   |   |   |   |   |
| Revenues by geographic area:   |   |                                              |   |   |   |   |   |   |
| United States                  |   | $                                                 | 49,621 |   |   | $ | 52,517 |   |
| Other Countries                |   |                                              | 6,226  |   |   |   | 5,602 |   |
| Total                          |   | $                                                 | 55,847 |   |   | $ | 58,119 |   |

----

|                 |   | (in thousands) |    |
|----------------------|--------|----------------|---------|
|                 |   | March 31,      |    |   | December 31, |   |
|                 |   | 2011           |    |   | 2010 |   |
| Identifiable assets: |   |           |    |   |   |   |
| Hospitality          |   | $              | 119,998 |   |   | $ | 119,237 |   |
| Government           |   |           | 12,634  |   |   |   | 11,627 |   |
| Logistics Management |   |           | 3,486   |   |   |   | 3,398 |   |
| Other                |   |           | 7,394   |   |   |   | 10,023 |   |
| Total                |   | $              | 143,512 |   |   | $ | 144,285 |   |

|            | (in thousands) |   |
|-----------------|----------------|--------|
|            | March 31,      |   | December 31, |   |
|            | 2011           |   | 2010 |   |
| United States   |           | $      | 131,388 |   |   | $ | 133,385 |   |
| Other Countries |           |   | 12,124 |   |   |   | 10,900 |   |
| Total           |           | $      | 143,512 |   |   | $ | 144,285 |   |

|        | (in thousands) |   |
|-------------|----------------|--------|
|        | March 31,      |   | December 31, |   |
|        | 2011           |   | 2010 |   |
| Hospitality |           | $      | 26,410 |   |   | $ | 26,218 |   |
| Government  |           |   | 736 |   |   |   | 736 |   |
| Total       |           | $      | 27,146 |   |   | $ | 26,954 |   |

|                         |   | For the Three Months Ended March 31, |   |
|------------------------------|--------|--------------------------------------|--------|
|                         |   | 2011                                 |   |   | 2010 |   |
| Hospitality segment:         |   |                                 |   |   |   |   |
| McDonald’s Corporation |   |                                 | 30     | % |   |   | 33 | % |
| Yum! Brands, Inc.            |   |                                 | 11     | % |   |   | 10 | % |
| Government segment:          |   |                                 |   |   |   |   |   |   |
| U.S. Department of Defense   |   |                                 | 30     | % |   |   | 30 | % |
| All Others                   |   |                                 | 29     | % |   |   | 27 | % |
|                         |   |                                 | 100    | % |   |   | 100 | % |

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Table of Contents

Management’s Discussion and Analysis of Financial Condition and Results of Operations

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Table of Contents

Quantitative and Qualitative Disclosures about Market Risk

Controls and Procedures

|   | (a) | Evaluation of Disclosure Controls and Procedures. |
|--------|-----|---------------------------------------------------|

|   |  (b) | Changes in Internal Control over Financial Reporting. |
|--------|-----------|-------------------------------------------------------|

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Table of Contents

Risk Factors

Reserved

Other Information

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Table of Contents

Exhibits

| Exhibit No. | Description of Instrument                                                                                                                                                                                                                                                     |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  31.1  |  Certification of Chairman of the Board, President and Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                |
|  31.2  |  Certification of Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                            |
|  32.1  |  Certification of Chairman of the Board and Chief Executive Officer and Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  |

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Table of Contents

SIGNATURES

|                               |   | PAR TECHNOLOGY CORPORATION                                                       |
|------------------------------------|--------|----------------------------------------------------------------------------------|
|                               |   | (Registrant)                                                                     |
|                               |   |                                                                             |
|                               |   |                                                                             |
| Date:  May 16, 2011 |   |                                                                             |
|                               |   |                                                                             |
|                               |   |                                                                             |
|                               |   |                                                                             |
|                               |   |                                                                             |
|                               |   |                                                                             |
|                               |   | /s/RONALD J. CASCIANO                                                            |
|                               |   | Ronald J. Casciano                                                               |
|                               |   | Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer |

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Table of Contents

Exhibit Index

|  Exhibit |                                                                                                                                                                                                                                                                                     |  Sequential Page Number |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------|
|  31.1    |  Certification of Chairman of the Board, President and Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                           |  E-1                    |
|  31.2    |  Certification of Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                       |  E-2                    |
|  32.1    |  Certification of Chairman of the Board, President and Chief Executive Officer and Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer Pursuant to 18 U.S.C. Section 1350, as  adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |  E-3                    |